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TMCNet:  International Business Machines Falls 1.49% on Heavy Volume: Watch For Potential Rebound

[November 14, 2012]

International Business Machines Falls 1.49% on Heavy Volume: Watch For Potential Rebound

Nov 14, 2012 (SmarTrend(R) News Watch via COMTEX) -- International Business Machines (NYSE:IBM) traded in a range yesterday that spanned from a low of $185.28 to a high of $189.27. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $187.41 on volume of 4.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

SmarTrend recommended that its subscribers protect gains by selling shares of International Business Machines on October 17th, 2012 by issuing a Downtrend alert when the shares were trading at $200.98. Since that call, shares of International Business Machines have fallen 6.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, International Business Machines has traded in a range of $177.06 to $211.79 and is now at $185.58, 5% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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